Skrekas at COP27: “The electrical interconnection between Greece and Egypt is key to reducing energy costs”

In its importance new GREGY electrical interfacewhich will connect the electrical systems of Europe with Africa, via Greece, for the transfer of 100% green energy, the Minister of Environment and Energy, Kostas Skrekasspeaking today at United Nations Conference on Climate Change (COP27)which takes place in Egypt.

“This is a project of international energy and environmental importance, amounting to 3.6 billion euros, with the capacity to transfer 3,000 MW of clean energy. Greece will reap strong benefits from the construction of the cable, as part of the transmitted green energy will be consumed in our country, reducing energy costs for Greek consumers” he emphasized and added: “We are investing in the transformation of Greece into a green energy hub and contributing to strengthening Europe’s security in this area. The Greek and Egyptian governments are firm supporters of the project, having also signed a relevant Memorandum of Cooperation from October 2021.”

The Minister of Environment and Energy also referred to Greece’s initiatives for weaning off fossil fuels, pointing out that “Greece is a pioneer in developments in this field and is among the member states with the top performance in the installation of new RES projects. We are accelerating the green transition and implementing numerous infrastructure projects, which bring us one step closer to the goal of climate neutrality.”

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